With the Middle East on the verge of flames, as Saudi Arabia is rumored to be working with Pakistan to acquire nuclear weapons and bluster from Iran’s military leaders openly discusses a coming apocalypse that will usher in a new religious world order, comes a prediction for the price of oil in the year 2020 from Goldman Sachs. Goldman oil prediction based on production improving among both shale and non-shale producers Saying that oil production, particularly due to U.S. shale extraction, will outpace demand amid slower economic growth, the Goldman Sachs report speculated that the price of oil will fall…
Goldman Oil Price "Forecast": Lower Price By 2020
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.